FAF

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? First American Financial (FAF), which belongs to the Zacks Insurance - Property and Casualty industry, could be a great candidate to consider. This financial services company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 29.51%. For the last reported quarter, First American Financial came out with earnings of $1.33 per share versus the Zacks Consensus Estimate of $1.06 per share, representing a surprise of 25.47%. For the previous quarter, the company was expected to post earnings of $1.49 per share and it actually produced earnings of $1.99 per share, delivering a surprise of 33.56%. Thanks in part to this history, there has been a favorable change in earnings estimates for First American Financial lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. First American Financial has an Earnings ESP of +0.17% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on July 22, 2026. Investors should note, however, that a negative Earnings ESP reading is not indicative of a...

The market expects First American Financial (FAF) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 22. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This financial services company is expected to post quarterly earnings of $1.78 per share in its upcoming report, which represents a year-over-year change of +16.3%. Revenues are expected to be $2.03 billion, up 10.5% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 3.04% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the...

—Earnings release dates for remainder of 2026— SANTA ANA, Calif., July 08, 2026--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced that it will host a conference call to discuss its second-quarter 2026 earnings results on Thursday, July 23, 2026, at 11 a.m. EDT. The call will follow the release of the company’s earnings results for the second quarter of 2026, which is scheduled for Wednesday, July 22, 2026, after the close of regular trading. The conference call is open to investors, members of the financial community, the media and other members of the public. It can be accessed online at http://www.firstam.com/investor or by dialing toll free 877-407-8293. Callers from outside the United States may dial +1 201-689-8349. An audio replay of the conference call will be available through August 6, 2026 by dialing 201-612-7415 and using the conference ID 13761705. An audio archive of the call and a copy of the second-quarter 2026 earnings release, including the financial information contained therein, will also be available on First American’s investor website. At the present time, the company expects to issue a news release announcing its third-quarter financial results after the close of regular trading on Wednesday, Oct. 21, 2026 and host a conference call at 11 a.m. EDT on Thursday, Oct. 22, 2026. About First American First American Financial Corporation (NYSE: FAF) is a premier provider of title, settlement, and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 135 years, innovative proprietary technologies, and unmatched data assets, the company is leading the digital transformation of its industry. First American also provides data products to the title industry and other third parties; valuation products and services; mortgage subservicing; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of $7.5 billion in 2025, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2026, First American was named one of the 100 Best Companies to Work For by Great Place to...

The Progressive Corporation PGR reported earnings per share of $2.47 for May 2026, which jumped 36% year over year. The improvement stemmed from higher revenues and an increase in investment income, partially offset by a rise in expenses. Progressive recorded net premiums written of $7 billion, up 6% from $6.6 billion in the year-ago month. Net premiums earned were about $7.3 billion, up 10% from $6.7 billion reported in the year-ago month.Net realized income on securities was $215 million, which increased 2% from the year-ago month.Combined ratio — the percentage of premiums paid out as claims and expenses — improved 480 basis points (bps) year over year to 82.1.PGR’s total revenues were $8 billion, up 9.4% year over year, owing to a 9.6% increase in premiums, a 13.2% jump in investment income, a 2% increase in fees and other revenues, and 11.3% higher service revenues.Total expenses increased 3.6% to $6.2 billion, mainly due to higher losses and loss adjustment expenses, policy acquisition costs, other underwriting expenses, service expenses and interest expense.In May 2026, policies in force (PIF) were impressive for both Vehicle and Property businesses. In the Vehicle business, the Personal Auto segment recorded an 8% year-over-year increase to 38.7 million policies. Special Lines policies increased 7% from the year-earlier month to 7.2 million.In Progressive’s Personal Auto segment, Agency Auto PIF increased 8% to 11.1 million, while Direct Auto improved 11% to 16.7 million.PGR’s Commercial Auto segment policies rose 3% year over year to 1.2 million.The Property business had 3.6 million policies in force in the reported month, up 1% year over year.The company’s book value per share was $58.11 as of May 30, 2026, up 10.1% from $52.77 on May 30, 2025. In the trailing 12 months, the return on equity was 35.4%, having contracted 770 bps from 43.1% in May 2025. The debt-to-total-capital ratio deteriorated 170 bps year over year to 19.9 as of May 30, 2026. Progressive shares have lost 21.5% in the past year against the industry’s growth of 0.9%. Image Source: Zacks Investment Research Progressive currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the insurance industry are First American Financial Corporation FAF, Mercury General Corporation MCY and The Hanover Insurance Group, Inc. THG. While FAF and MCY sport a Zacks Rank #1 (Strong Bu...

Looking back on property & casualty insurance stocks’ Q1 earnings, we examine this quarter’s best and worst performers, including First American Financial (NYSE:FAF) and its peers. Property & Casualty (P&C) insurers protect individuals and businesses against financial loss from damage to property or from legal liability. This is a cyclical industry, and the sector benefits when there is 'hard market', characterized by strong premium rate increases that outpace loss and cost inflation, resulting in robust underwriting margins. The opposite is true in a 'soft market'. Interest rates also matter, as they determine the yields earned on fixed-income portfolios. On the other hand, P&C insurers face a major secular headwind from the increasing frequency and severity of catastrophe losses due to climate change. Furthermore, the liability side of the business is pressured by 'social inflation'—the trend of rising litigation costs and larger jury awards. The 32 property & casualty insurance stocks we track reported a mixed Q1. As a group, revenues beat analysts’ consensus estimates by 2.2%. While some property & casualty insurance stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 4.3% since the latest earnings results. Tracing its roots back to 1889 when California was experiencing its first major real estate boom, First American Financial (NYSE:FAF) provides title insurance, settlement services, and risk solutions for residential and commercial real estate transactions across the United States and internationally. First American Financial reported revenues of $1.84 billion, up 16.2% year on year. This print exceeded analysts’ expectations by 2.4%. Overall, it was a stunning quarter for the company with a beat of analysts’ EPS and revenue estimates. The market was likely pricing in the results, and the stock is flat since reporting. It currently trades at $65.90. Is now the time to buy First American Financial? Access our full analysis of the earnings results here, it’s free. Founded in 1961 and maintaining a network of over 6,300 independent agents across the country, Mercury General (NYSE:MCY) is an insurance company that primarily sells automobile insurance policies through independent agents in 11 states, with a strong focus on California. Mercury General reported revenues of $1.54 billion, up 10.5% y...

It has been about a month since the last earnings report for First American Financial (FAF). Shares have lost about 1.5% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is First American Financial due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important catalysts. FAF Tops Q1 Earnings and Revenue Estimates on Commercial StrengthFirst American Financial Corporation reported first-quarter 2026 operating earnings of $1.33 per share, which beat the Zacks Consensus Estimate by 25.4% and rose 58.3% year over year. Operating revenues climbed 16.2% to $1.8 billion, driven by growth in direct premiums, escrow fees, and Information and other revenues. The top line surpassed the consensus estimate by 1.08%.The quarterly results were supported by robust growth in its Title segment, particularly commercial business, alongside increased average revenue per order and higher investment income. These gains were partly offset by elevated operating expenses. Direct premiums and escrow fees reached $660.2 million, marking a 17.7% increase from the prior-year level. The figure exceeded the Zacks Consensus Estimate by 17.7% and our model estimate by 17.7%. Investment income totaled $152.4 million in the first quarter, up 13% year over year, driven by a 12% increase in Title segment investment income, partially offset by losses at the corporate level. The figure was below our estimate and the Zacks Consensus Estimate of $155.2 million. Expenses increased 12.8% to $1.6 billion, caused by higher interest expense, agent premiums, personal costs and other operating expenses. The figure was on par with our estimate of $1.6 billion. Title Insurance and Services: Total revenues rose 16.7% year over year to $1.7 billion, which beat the Zacks Consensus Estimate by 1.2%. This was driven by 21% growth in direct premiums and escrow fees, and agent premiums along with steady net investment income. Investment income increased 12% to $154 million, supported by higher interest income from the company's investment portfolio and warehouse lending business.Adjusted pretax margin expanded 250 bps to 10%. Title open orders grew 8..2% to 182,900, c...

The Progressive Corporation PGR reported earnings per share of $1.86 for April 2026, which jumped 11% year over year. The improvement stemmed from higher revenues and an increase in investment income, partially offset by a rise in expenses. Progressive recorded net premiums written of $7.2 billion, up 6% from $6.8 billion in the year-ago month. Net premiums earned were about $7.1 billion, up 7% from $6.6 billion reported in the year-ago month.Net realized income on securities was $402 million against a net realized loss of $3 million from the year-ago month.Combined ratio — the percentage of premiums paid out as claims and expenses — deteriorated 530 basis points (bps) year over year to 90.2.PGR’s total revenues were $7.9 billion, up 13% year over year, owing to a 7.1% increase in premiums, a 12.5% jump in investment income and 15.9% higher service revenues.Total expenses increased 13.5% to $6.6 billion, mainly due to higher losses and loss adjustment expenses, policy acquisition costs, other underwriting expenses, service expenses and interest expense.In April 2026, policies in force (PIF) were impressive for both Vehicle and Property businesses. In the Vehicle business, the Personal Auto segment recorded a 9% year-over-year increase to 38.5 million policies. Special Lines policies increased 7% from the year-earlier month to 7.1 million.In Progressive’s Personal Auto segment, Agency Auto PIF increased 8% to 11.1 million, while Direct Auto improved 11% to 16.6 million.PGR’s Commercial Auto segment policies rose 3% year over year to 1.2 million.The Property business had 3.6 million policies in force in the reported month, up 1% year over year.The company’s book value per share was $56.29 as of April 30, 2026, up 8.9% from $51.71 on April 30, 2025.In the trailing 12 months, the return on equity was 33.8%, having contracted 1,040 bps from 44.2% in April 2025. The debt-to-total-capital ratio deteriorated 180 bps year over year to 20.3 as of April 30, 2026. Progressive shares have lost 26.9% in the past year against the industry’s growth of 4.3%. Image Source: Zacks Investment Research Progressive currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the insurance industry are First American Financial Corporation FAF, Mercury General Corporation MCY and The Hanover Insurance Group, Inc. THG. While FAF and MCY sport a Zacks Rank #1 (Strong Buy)...

SANTA ANA, Calif., May 12, 2026--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced that its board of directors has declared a quarterly cash dividend of 55 cents per common share. The cash dividend is payable on June 15, 2026 to shareholders of record as of June 8, 2026. About First American First American Financial Corporation (NYSE: FAF) is a premier provider of title, settlement, and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 135 years, innovative proprietary technologies, and unmatched data assets, the company is leading the digital transformation of its industry. First American also provides data products to the title industry and other third parties; valuation products and services; mortgage subservicing; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of $7.5 billion in 2025, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2026, First American was named one of the 100 Best Companies to Work For by Great Place to Workﾮ and Fortune Magazine for the eleventh consecutive year. More information about the company can be found at www.firstam.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260512836980/en/ Contacts Media Contact: Marcus Ginnaty Corporate Communications First American Financial Corporation 714-250-3298 Investor Contact: Craig Barberio Investor Relations First American Financial Corporation 714-250-5214

Mercury General Corporation MCY reported first-quarter 2026 operating income of $3.50 per share, which beat the Zacks Consensus Estimate by 63%. The bottom line rebounded from a loss of $2.29 incurred in the prior-year quarter. Total operating revenues in the quarter were $1.5 billion, up 10.5% year over year. The top line surpassed the consensus estimate by 6.1%. The better-than-expected quarterly results were driven by higher net premiums, favorable investment results, lower catastrophe losses and improved operating expenses. Mercury General Corporation price-consensus-eps-surprise-chart | Mercury General Corporation Quote Net premiums earned climbed 13.2% year over year to $1.4 billion, which surpassed the Zacks Consensus Estimate by 6.7%. Net investment income, before income taxes, increased 5.1% year over year to $85.6 million, driven primarily by higher average invested assets and cash, along with an improved average yield. The figure missed the Zacks Consensus Estimate by approximately 3.5%. Total expenses decreased 15.1% year over year to $1.3 billion, primarily due to lower losses and loss adjustment expenses, policy acquisition costs and interest expenses. Catastrophe losses, net of reinsurance, totaled $93 million, lower than $447 million incurred in the year-ago quarter. The majority of 2026 catastrophe losses stemmed from the Palisades and Eaton wildfires in California, as well as severe storms in Texas, Oklahoma and California. The combined ratio — a measure of underwriting profitability — improved 2,990 basis points (bps) year over year to 89.3. The Zacks Consensus Estimate was pegged at 95.5. The loss ratio improved 3,090 bps to 64.2, while the expense ratio deteriorated 110 bps to 25.1. Mercury General exited first-quarter 2026 with total assets of $9.8 billion, which were 3.3% above the 2025-end level. As of March 31, 2026, MCY reported a solid cash balance of $1.3 billion, reflecting an increase of 2.7% from the 2025-end level. Notes payable of $574.6 million inched up 0.2% from the 2025-end level. The debt-to-total capitalization ratio improved 100 basis points year over year to 18.2% as of March 31, 2026. Shareholder equity was $2.5 billion as of March 31, 2026, up 7.1% from the 2025-end level. As of March 31, 2026, book value per share was $46.76, up 7.2% from the 2025-end level. The board of directors declared a quarterly dividend of 3...

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. First American Financial (FAF) reported first quarter 2026 revenue of US$1,838 million and net income of US$125.1 million, alongside active share repurchases, putting fresh attention on how the stock reflects these results. See our latest analysis for First American Financial. The strong first quarter earnings update and ongoing share repurchases have coincided with a 20.59% 1 month share price return and a 15.44% year to date share price return. The 1 year total shareholder return of 18.93% sits against a 36.94% 3 year total shareholder return, suggesting momentum has picked up recently after steadier gains over time. If this kind of move has your attention, it can be a good moment to broaden your watchlist with other opportunities and check out 18 top founder-led companies With shares up sharply on the back of higher quarterly revenue, earnings per share and active buybacks, the key question is whether First American Financial still trades at a discount or if the market is already pricing in future growth. With First American Financial at $70.51 against a narrative fair value of $86.75, the current price sits below what that widely followed view implies, putting the focus on how its earnings and margins might evolve. Read the complete narrative. Curious what kind of revenue path and margin profile would need to line up with that higher fair value, and how analysts square that with a future earnings multiple that sits above the broader insurance group and bakes in ongoing buybacks without assuming rapid earnings growth. Result: Fair Value of $86.75 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, there are still real pressure points to watch, including weaker residential purchase activity and regulatory changes such as potential title waivers on low risk refinances. Find out about the key risks to this First American Financial narrative. The first narrative leans on a fair value of $86.75, yet the SWS DCF model currently points to a future cash flow value of $12.87 per share, which is far below the $70.51 market price and implies First American Financial screens as overvalued on this basis. Which story do you think better fits your expectations for cash generation and risk? Look into how th...

This article first appeared on GuruFocus. Adjusted Earnings Per Share: $1.33, a 58% increase from the prior year. GAAP Earnings Per Share: $1.21 per diluted share. Adjusted Revenue: $1.7 billion, up 17% compared with the same quarter of 2025. Commercial Revenue: $271 million, a 48% increase over last year. Purchase Revenue: Down 4% year over year. Refinance Revenue: Up 76% compared with last year. Average Deposits: $6.8 billion, up 19% from last year. Investment Income: $154 million, up 12% compared with the same quarter last year. Personnel Costs: $546 million, up 13% compared with the same quarter of 2025. Other Operating Expenses: $277 million, up 13% compared with last year. Pretax Margin (Title Segment): 9.6% or 10.4% on an adjusted basis. Home Warranty Revenue: $110 million, up 2% compared with last year. Debt-to-Capital Ratio: 32.2%; excluding secured financings payable, 21.9%. Share Repurchase: 556,000 shares for $33 million at an average price of $60.21. Warning! GuruFocus has detected 5 Warning Sign with FAF. Is FAF fairly valued? Test your thesis with our free DCF calculator. Release Date: April 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. First American Financial Corp (NYSE:FAF) reported a 58% increase in adjusted earnings per share to $1.33, showcasing strong financial performance. Commercial revenue grew by 48%, achieving a record for a first quarter, with significant contributions from data centers and energy sectors. The company's bank, First American Trust, saw a 19% increase in average deposits, driven by both commercial and non-captive title business deposits. FAF is leveraging AI to enhance operational efficiency, with initiatives like Endpoint and Sequoia showing promising automation rates and potential for future growth. The company has been proactive in share repurchases, buying back 556,000 shares for $33 million, indicating confidence in its financial outlook. Residential purchase revenue declined by 4% year over year, reflecting ongoing challenges in the housing market. Refinance activity, although temporarily boosted by lower mortgage rates, remains challenged and accounted for just 8% of direct revenue. Personnel costs increased by 13% due to higher incentive compensation and salary expenses, impacting overall profitability. Interest expense rose by 34% due to higher...

First American Financial Corporation FAF reported first-quarter 2026 operating earnings of $1.33 per share, which beat the Zacks Consensus Estimate by 25.4% and rose 58.3% year over year. Operating revenues climbed 16.2% to $1.8 billion, driven by growth in direct premiums, escrow fees, and Information and other revenues. The top line surpassed the consensus estimate by 1.08%. The quarterly results were supported by robust growth in its Title segment, particularly commercial business, alongside increased average revenue per order and higher investment income. These gains were partly offset by elevated operating expenses. Direct premiums and escrow fees reached $660.2 million, marking a 17.7% increase from the prior-year level. The figure exceeded the Zacks Consensus Estimate by 17.7% and our model estimate by 17.7%. First American Financial Corporation price-consensus-eps-surprise-chart | First American Financial Corporation Quote Investment income totaled $152.4 million in the first quarter, up 13% year over year, driven by a 12% increase in Title segment investment income, partially offset by losses at the corporate level. The figure was below our estimate and the Zacks Consensus Estimate of $155.2 million. Expenses increased 12.8% to $1.6 billion, caused by higher interest expense, agent premiums, personal costs and other operating expenses. The figure was on par with our estimate of $1.6 billion. Title Insurance and Services: Total revenues rose 16.7% year over year to $1.7 billion, which beat the Zacks Consensus Estimate by 1.2%. This was driven by 21% growth in direct premiums and escrow fees, and agent premiums along with steady net investment income. Investment income increased 12% to $154 million, supported by higher interest income from the company's investment portfolio and warehouse lending business Adjusted pretax margin expanded 250 bps to 10%. Title open orders grew 8..2% to 182,900, closed orders rose 9%, and average revenue per direct title order increased to $4,229, reflecting a 48% jump in commercial order revenues. This was partly offset by a mix shift toward lower-premium refinance . Home Warranty: Total revenues rose 2% to $110.3 million, missing our model estimate of $111.2 million. Pretax income climbed 4% year over year to $26 million. The claim loss rate improved to 36%, driven by small reductions in the number and severity of claim...